sr_no stringlengths 1 3 | question_body stringlengths 13 459 | alternatives dict | correct_alternative stringclasses 4
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271 | If a policy is issued in an ambiguous manner, how will it be interpreted by the courts? | {
"1": "In favor of the insurer",
"2": "In favor of the broker",
"3": "In favor of the insured",
"4": "In favor of agent"
} | 3 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
272 | If an endorsement contradicts other parts of the contract, which document's meaning will prevail? | {
"1": "The endorsement",
"2": "The policy",
"3": "The clauses in italics",
"4": "The clauses printed or typed in the margin of the policy"
} | 1 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
273 | Which part of a policy is given more importance than the wording within the body of the policy? | {
"1": "The standard printed policy form",
"2": "The clauses in italics",
"3": "The clauses printed or typed in the margin of the policy",
"4": "The endorsements"
} | 3 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
274 | Which document overrides both marginal clauses and the clauses in the body of the policy? | {
"1": "Clauses in italics",
"2": "Clauses printed or typed in the margin",
"3": "Clauses attached or pasted to the policy",
"4": "Endorsements"
} | 3 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
275 | If there is any ambiguity or lack of clarity in a policy, which ordinary rules are applied? | {
"1": "The rules of construction",
"2": "The rules of grammar and punctuation",
"3": "The rules of interpretation",
"4": "The rules of evidence"
} | 2 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
276 | What is the principal rule of construction for insurance contracts? | {
"1": "The intention of the parties must not prevail",
"2": "The interpretation of the court prevails",
"3": "The intention of the parties is not relevant",
"4": "The intention of the parties must prevail"
} | 4 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
277 | When should technical terms be given their technical meaning in insurance policies? | {
"1": "Only when defined by statute",
"2": "When indicated by the context",
"3": "Always",
"4": "Never"
} | 3 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
278 | What is the purpose of a renewal notice in non-life insurance policies? | {
"1": "To inform the insured of the expiry date of the policy",
"2": "To invite the insured to renew the policy",
"3": "To incorporate all relevant particulars of the policy",
"4": "All of the above"
} | 4 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
279 | What is the insured's attention drawn to in a motor renewal notice? | {
"1": "The requirement to revise the sum insured",
"2": "The requirement to pay the premium in advance",
"3": "The insurer's contact information",
"4": "The insured's claims history"
} | 1 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
280 | What kind of questions are asked in a motor insurance proposal form? | {
"1": "About the proposer’s health",
"2": "Details about the raw material used",
"3": "About the vehicle, its operations, make, and carrying capacity",
"4": "Details of the hazardous goods present in the property"
} | 3 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
281 | What information is required for a private car insurance proposal? | {
"1": "Person's Overseas Travel Policy",
"2": "Person's Health Condition",
"3": "Engine number, chassis number, and registration number",
"4": "Details of Person's monthly income. "
} | 3 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
282 | Loading of Premium is done for adverse claims ratio, as in case of ________: a) Motor Insurance b) Health insurance Policy | {
"1": "Neither",
"2": "Only (a)",
"3": "Only (b)",
"4": "Both Option (a) & (b) apply"
} | 4 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
283 | No Claim Bonus is allowed by way of : a) deduction on the total premium at renewal only b) depending upon the incurred claim ratio for the entire group c) insurance sum | {
"1": "Both Option (a) & (b) apply together",
"2": "Both Option (a) & (c) apply together",
"3": "Both Option (b) & (c) apply mutually exclusive",
"4": "Both Option (a) & (c) apply mutually exclusive"
} | 1 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
284 | No claim bonus recognizes the factor of _________ | {
"1": "Moral hazard in the Insured",
"2": "Physical hazard",
"3": "Marine hazard",
"4": "Physical and moral hazard"
} | 4 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
285 | Discuss the Difference between Insurance and Assurance. | {
"1": "Insurance: Protection Against an Event, that_Will_Happen. Assurance: Protection Against an Event, that_Might_Happen. ",
"2": "Insurance: Protection Against an Event, that Might Happen. Assurance: Protection Against an Event, that Will Happen. ",
"3": "Both: Insurance and Assurance, Refer to the Same Thing... | 2 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
286 | Mr. Poddar has used Insulated Wiring in His House, so as to Reduce the Chances of Damage, Due to Fire. Identify the Risk-Management Technique, practiced here. | {
"1": "Risk-Avoidance",
"2": "Risk-Retention",
"3": "Risk-Transfer",
"4": "Risk-Reduction and Risk- Control"
} | 4 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
287 | What is physical hazard in insurance underwriting? | {
"1": "A thorough knowledge of the construction materials used in the building",
"2": "A thorough knowledge of various hazards to which property and persons are exposed",
"3": "A thorough knowledge of the policyholder's personal history",
"4": "A thorough knowledge of the policyholder's financial status"
} | 2 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
288 | What is a bad physical hazard for liquid cargo in marine transportation? | {
"1": "Cargo packed in bales",
"2": "Cargo packed in double bags",
"3": "Cargo packed in second-hand drums",
"4": "Cargo packed in new drums"
} | 3 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
289 | Which of the following methods do underwriters use to deal with physical hazards? | {
"1": "Imposition of excess/deductibles",
"2": "Loading of premium",
"3": "Applying warranties on the policy",
"4": "All of the above"
} | 4 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
290 | What is the reason for loading of premium in risk exposure? | {
"1": "To reduce the probability of claims",
"2": "To ignore the occurrence of large claims",
"3": "To take into consideration the higher probability of claims",
"4": "To avoid the risk exposure altogether"
} | 3 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
291 | What is the purpose of imposing warranties in insurance policies for physical hazards? | {
"1": "To increase the premium amount",
"2": "To reduce the physical hazard",
"3": "To limit the coverage provided",
"4": "To delay the claim settlement process"
} | 2 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
292 | Which of the following is an example of physical hazard in fire insurance? | {
"1": "The policyholder's occupation",
"2": "The policyholder's age",
"3": "The construction materials used in the building",
"4": "The policyholder's driving record"
} | 3 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
293 | What is a no claim bonus? | {
"1": "A bonus given to policyholders who have lodged claims in the previous year",
"2": "A bonus given to policyholders who have not lodged claims in the previous year",
"3": "A penalty imposed on policyholders who have lodged claims in the previous year",
"4": "A discount given to policyholders regardless of... | 2 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
294 | How is the no claim bonus allowed to the insured? | {
"1": "By increasing the total premium at renewal",
"2": "By deducting a percentage of the total premium at renewal",
"3": "By providing a cash reward to the insured",
"4": "By reducing the coverage provided in the policy"
} | 2 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
295 | Which of the following is an example of moral hazard due to dishonesty in insurance? | {
"1": "An insured accidentally causing damage to their own property",
"2": "An insured being unable to pay their insurance premiums",
"3": "An insured deliberately causing damage to their property to collect a claim",
"4": "Overestimating the value of the insured property"
} | 3 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
296 | Which of the following is an example of carelessness in the context of insurance? | {
"1": "Taking necessary precautions to prevent loss",
"2": "To adopt careless attitude towards the insured property",
"3": "Being overprotective of the insured property",
"4": "Filing claims promptly"
} | 2 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
297 | Which of the following involves an element of moral hazard in the employer-employee relationship? | {
"1": "Macroeconomics",
"2": "Microeconomics",
"3": "International trade",
"4": "Industrial relations"
} | 4 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
298 | What is a sub-limit in insurance? | {
"1": "A limit on the total payout that can be made to the insured",
"2": "A limit on the number of claims that can be made in a year",
"3": "A limit on the total payout separately each for room expenses, surgical procedures or doctor fees",
"4": "A limit on the amount of premium that can be paid by the insure... | 3 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
299 | How is premium charged for short period insurance? | {
"1": "On a proportionate basis",
"2": "At a fixed rate",
"3": "According to a special scale",
"4": "Based on the policyholder's claims history"
} | 3 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
300 | How can the sum insured be determined in personal accident insurance? | {
"1": "Based on the insured's age",
"2": "Based on the insured's occupation",
"3": "Based on the insured's income",
"4": "Based on the insured's health history"
} | 3 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
301 | What does IDV stand for in motor insurance? | {
"1": "Insured Declared Value",
"2": "Insured Declaration Value",
"3": "Insured Damage Value",
"4": "Insured Depreciation Value"
} | 1 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
302 | How is the sum insured determined for contents in fire insurance? | {
"1": "Based on their original cost",
"2": "Based on their current market value",
"3": "Based on the replacement cost",
"4": "Based on the appreciation value"
} | 2 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
303 | How is the sum insured determined in stocks insurance? | {
"1": "Based on the original cost of the stocks",
"2": "Based on the replacement cost of the stocks",
"3": "Based on the appreciation value of the stocks",
"4": "Based on the market value of the stocks"
} | 4 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
304 | What is the basis of sum insured in marine cargo insurance? | {
"1": "Market value of the cargo",
"2": "Original cost of the cargo",
"3": "Agreed value between insurer and insured",
"4": "Replacement cost of the cargo"
} | 3 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
305 | Which of the following statements is true about deciding the sum insured for liability insurance policies? | {
"1": "The sum insured is always a fixed amount predetermined by the insurer. ",
"2": "The sum insured is the liability exposure of the industrial units based on the degree of exposure and geographical spread. ",
"3": "The sum insured is based on the insured's income. ",
"4": "The sum insured for liability ins... | 2 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
306 | Why does the process of manufacturing during the night increase the hazard of a fire? | {
"1": "Due to the use of artificial lights",
"2": "Due to continuous use of machinery leading to friction",
"3": "Due to likely carelessness of workers due to fatigue",
"4": "All of the above"
} | 4 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
307 | What is an ignition hazard in relation to occupancy in insurance? | {
"1": "The risk of collapse of upper floors",
"2": "The risk of damage to adjacent premises",
"3": "The risk of chemical reactions",
"4": "The risk of water damage"
} | 3 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
308 | In Market Value (MV) method who is paid the amount does not replace value of property | {
"1": "Insured",
"2": "Agent",
"3": "Broker",
"4": "Insurer"
} | 1 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
309 | Any lost income or additional expenditure in the event of an unexpected claim are covered under: | {
"1": "Health Insurance",
"2": "Shop keeper's insurance",
"3": "Motor Insurance",
"4": "Market Value (MV) Insurance"
} | 2 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
310 | Compensation for accidents arising out of and in the course of employment is known as insurance for covering | {
"1": "Sum assured",
"2": "Legal Liability",
"3": "Baggage",
"4": "Infidelity"
} | 2 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
311 | Scooters & Motorcycles, Private cars and Commercial vehicles are covered under the following policies except ______ | {
"1": "fire Insurance",
"2": "Third-Party Insurance",
"3": "Motor Insurance",
"4": "Liability Insurance"
} | 1 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
312 | _______ does not cover theft by employees, family members or owner. | {
"1": "Consequential Loss Insurance",
"2": "Burglary Insurance",
"3": "Money Insurance",
"4": "Bankers Indemnity Insurance"
} | 2 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
313 | What are retail insurance products? | {
"1": "Insurance products purchased by businesses for covering certain interests",
"2": "Insurance products purchased by individuals for covering certain interests",
"3": "Insurance products sold in bulk to large corporations",
"4": "Insurance products exclusively sold online"
} | 2 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
314 | What is the Bharat Griha Raksha policy? | {
"1": "A mandatory policy offered by all general insurers for fire and allied perils insurance business",
"2": "A policy that covers only losses from natural catastrophes",
"3": "A policy that covers only losses from theft and burglary",
"4": "A policy that covers only personal accidents of the insured and spo... | 1 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
315 | Does the Bharat Griha Raksha policy provide waiver of underinsurance? | {
"1": "Yes, the policy settles claims up to twice the Sum Insured",
"2": "No, the policy only settles claims for losses from fire and natural catastrophes",
"3": "Yes, the policy gives complete waiver of underinsurance",
"4": "No, the policy only settles claims proportionately"
} | 3 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
316 | Is the RIV method allowed for stocks and stocks in process? | {
"1": "Yes",
"2": "No",
"3": "It depends on the insurance company",
"4": "It depends on the nature of the stocks"
} | 2 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
317 | What is the difference between reinstatement value and market value? | {
"1": "Reinstatement value is based on the age of the property while market value is based on the reconstruction cost",
"2": "Reinstatement value is the cost to reconstruct the home while market value is the sale value of the home",
"3": "Reinstatement value is the cost to repair the home while market value is t... | 2 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
318 | What are the two methods of fixing the Sum Insured for fire insurance? | {
"1": "Fire Value (FV) and Replacement Value (RV)",
"2": "Market Value (MV) and Reinstatement Value (RIV)",
"3": "Cash Value (CV) and Recovery Value (RV)",
"4": "Purchase Value (PV) and Restoration Value (RV)"
} | 2 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
319 | What is the difference between "All Risks" and "Named Perils" insurance policies? | {
"1": "\"All Risks\" policies cover any risk not specifically excluded, while \"Named Perils\" policies cover only specific listed perils. ",
"2": "\"All Risks\" policies cover only specific listed perils, while \"Named Perils\" policies cover any risk not specifically excluded. ",
"3": "\"All Risks\" policies a... | 1 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
320 | What is the definition of robbery in insurance terms? | {
"1": "Unforeseen and unauthorised entry to or exit from the insured premises with the intent to steal contents",
"2": "House trespass for the purpose of committing an offence",
"3": "Theft of contents at the insured's premises using aggressive and violent means against the insured and/or employees",
"4": "Int... | 3 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
321 | Who is required to take motor insurance? | {
"1": "The person who sold the car",
"2": "The person who last drove the car",
"3": "The person in whose name the vehicle is registered with the Regional Transport Authority",
"4": "The person who is currently driving the car"
} | 3 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
322 | What must vehicle owners in India carry as proof of insurance? | {
"1": "A certificate of insurance",
"2": "A driver's license",
"3": "A registration certificate",
"4": "A pollution control certificate"
} | 1 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
323 | What is the purpose of Third-party insurance? | {
"1": "Protection against legal actions of another party",
"2": "Protection against damage to one's own property",
"3": "Protection against natural disasters",
"4": "Protection against theft"
} | 1 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
324 | Which of the following statements is true about Package Policies? | {
"1": "They don't cover physical assets such as buildings and contents. ",
"2": "They cannot include personal lines or liability covers. ",
"3": "They provide a combination of covers under a single document. ",
"4": "They have different terms and conditions for each section. "
} | 3 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
325 | What happens if the policyholder chooses to take a stand-alone CPA policy? | {
"1": "The CPA cover offered as part of the Liability Only or Package policy shall remain in effect",
"2": "The CPA cover offered as part of the Liability Only or Package policy shall be reduced",
"3": "The CPA cover offered as part of the Liability Only or Package policy shall be deleted",
"4": "The policyhol... | 3 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
326 | What are some of the important exclusions under the policies? | {
"1": "Wear and Tear, Breakdowns, Consequential Loss",
"2": "Loss due to driving with invalid driving license or under the influence of alcohol",
"3": "Use of vehicle not in accordance with `limitations as to use '",
"4": "All of the above"
} | 4 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
327 | What does the sum insured of a vehicle in a Motor Policy refer to? | {
"1": "Motor Value (MV)",
"2": "Insured's Declared Value (IDV)",
"3": "Reinstatement Value (RIV)",
"4": "Market Value (MV)"
} | 2 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
328 | What does shopkeeper's insurance usually cover? | {
"1": "Damage to the shop due to insect infestation",
"2": "Loss of income due to employee absenteeism",
"3": "Damage to the shop structure and contents due to fire or flooding",
"4": "Coverage for employee medical expenses"
} | 3 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
329 | Which of the following is not an additional cover that can be opted for under a shopkeeper's insurance policy? | {
"1": "Personal accident cover",
"2": "Infidelity/dishonesty of employees cover",
"3": "Coverage for loss of stock due to spoilage",
"4": "Legal liability cover"
} | 3 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
330 | What is business interruption protection in shopkeeper's insurance? | {
"1": "Protection against shoplifting",
"2": "Coverage for loss of income due to unexpected events causing interruption of business operation",
"3": "Protection against natural disasters",
"4": "Protection against employee theft"
} | 2 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
331 | What is FLEXA in Householder's Insurance coverage? | {
"1": "Losses from fire, lightning, explosion, and aircraft fall/impact damage",
"2": "Losses from flood and inundation",
"3": "Losses from electrical and mechanical failure of appliances",
"4": "Losses from personal baggage during travel"
} | 1 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
332 | The earliest kind of risks to be handled through the concept of insurance was losses due to: | {
"1": "Train accidents",
"2": "Road accidents",
"3": "Misadventure at sea",
"4": "Earthquakes"
} | 3 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
333 | _______ Insurance covers factories and shopping complexes. | {
"1": "Medical",
"2": "Life",
"3": "Commercial",
"4": "Agricultural"
} | 3 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
334 | For EAR Policies the Premium chargeable depends on the nature of the project, its cost and tenure, the location of execution and ________ | {
"1": "The Nature of Goods",
"2": "The Period of Testing",
"3": "The Probability of Failure",
"4": "The Apportioned Loss"
} | 2 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
335 | The insurance which provides cover in respect of breakdown of machinery and contractors plant_________. | {
"1": "Marine insurance",
"2": "Universal health insurance",
"3": "Hull insurance",
"4": "Engineering insurance"
} | 4 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
336 | Suggest a Class of Insurance, that will provide the Protection against Loss of Goodwill. | {
"1": "Life Assurance",
"2": "Property Insurance",
"3": "Liability Insurance",
"4": "Personal Insurance"
} | 3 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
337 | Which of the following movable and immovable properties can be insured under the Standard Fire and Special Perils Policy | {
"1": "Only buildings and plant and machinery",
"2": "Only stocks at suppliers/ customer's premises",
"3": "Both movable and immovable property located at a particular premises",
"4": "None of the above"
} | 3 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
338 | What is covered under the perils of the Fire policy for commercial risks | {
"1": "Riot strike and malicious damage",
"2": "Theft",
"3": "Earthquake",
"4": "Life"
} | 1 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
339 | What type of enterprises are Bharat Sookshma Policy and Bharat Laghu Policy suitable for | {
"1": "Small and Medium Enterprises (SMEs)",
"2": "Large Business Enterprises",
"3": "Both a) and b)",
"4": "None of the above"
} | 1 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
340 | What is the waiver provided under the Bharat Sookshma Udyam Suraksha policy | {
"1": "Waiver of premium payment",
"2": "Waiver of policy coverage",
"3": "Waiver of claim settlement",
"4": "Waiver of underinsurance to the extent of 15%"
} | 4 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
341 | What does a reinstatement value policy cover | {
"1": "Stocks",
"2": "Buildings, plant, machinery, furniture, fixture, fittings",
"3": "Both (a) and (b)",
"4": "None of the above"
} | 2 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
342 | What is the sum insured for a declaration policy based on | {
"1": "Market value",
"2": "A fixed value determined by the insurer",
"3": "The highest value expected to be stored in the godown during the policy period",
"4": "The value of stocks at the beginning of the policy period"
} | 3 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
343 | What are floater policies | {
"1": "Policies issued for covering stocks stored at various specified locations under one sum insured",
"2": "Policies issued for covering stocks on market value basis",
"3": "Policies issued for covering hazardous goods held in storage areas",
"4": "Policies issued for covering industrial complexes only"
} | 1 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
344 | What does Business Interruption Insurance provide indemnity for | {
"1": "Loss of gross profit and increased cost of working",
"2": "Loss of merchandise goods",
"3": "Loss of property damage",
"4": "Loss of standing charges"
} | 1 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
345 | What risks are covered under burglary insurance | {
"1": "Loss of property due to natural calamities",
"2": "Loss of property due to employee negligence",
"3": "Loss of property due to power failure",
"4": "Loss of property following actual forcible and violent entry into the premises or loss followed by actual, forcible and violent exit from the premises or h... | 4 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
346 | What is the key clause in the cash cover of the burglary insurance policy | {
"1": "Cash lost from the safe following the use of the original key to open is covered only where such key has been obtained by violence or threats of violence or through means of force",
"2": "Cash lost from the safe following the use of the original key to open is covered without any conditions",
"3": "Cash l... | 1 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
347 | What is meant by PML in First Loss Insurance | {
"1": "Probable Maximum Liability",
"2": "Probable Minimum Liability",
"3": "Probable Maximum Loss",
"4": "Probable Minimum Loss"
} | 3 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
348 | What does Fidelity Guarantee Insurance cover against | {
"1": "Fire and theft",
"2": "Natural disasters",
"3": "Fraud and dishonesty of employees",
"4": "Product liability"
} | 3 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
349 | What is the basis on which Bankers Indemnity Insurance policy is issued | {
"1": "Discovery basis",
"2": "Occurrence basis",
"3": "Loss basis",
"4": "Negligence basis"
} | 1 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
350 | What are the items covered under Jeweler’s Block Policy | {
"1": "Furniture and fixtures",
"2": "Electronics and appliances",
"3": "Jewellery, gold & silver articles, diamonds, precious stones, and wrist watches",
"4": "Clothing and accessories"
} | 3 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
351 | Which policy covers damage due to any cause except those specifically excluded | {
"1": "Machinery Breakdown Policy",
"2": "All Risks Policy",
"3": "Boiler Pressure Plant policy",
"4": "Electronic Equipment Policy"
} | 2 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
352 | Which of the following is covered under Boiler and Pressure Plant Policy | {
"1": "Damage, other than by fire, to the boilers and/or other pressure plant and to surrounding property of the insured",
"2": "Damage caused due to fire",
"3": "Damage caused due to natural calamities",
"4": "Damage caused due to wear and tear"
} | 1 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
353 | What does Electronic Equipment Policy cover | {
"1": "Only computer systems",
"2": "Various kinds of electronic equipment, including the entire computer system, keyboards, monitors, printers, etc. , and auxiliary equipment",
"3": "Only auxiliary equipment such as air- conditioning, heating and power conversion",
"4": "Only loss and damage due to burglary, ... | 2 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
354 | Who is Electronic Equipment Policy available to | {
"1": "Only the owner of the equipment",
"2": "Only the lessor of the equipment",
"3": "Only the hirer of the equipment",
"4": "All of the above, depending on their responsibility or liability"
} | 4 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
355 | How many sections does Electronic Equipment Policy usually have | {
"1": "1",
"2": "2",
"3": "3",
"4": "4"
} | 3 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
356 | What kind of machinery is covered under the Contractors Plant & Machinery Policy | {
"1": "Machinery used in agriculture",
"2": "Machinery used in the food industry",
"3": "Machinery used in construction",
"4": "Machinery used in the textile industry"
} | 3 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
357 | Who is the Deterioration of Stock Policy suitable for | {
"1": "Cold storage owners and lessees",
"2": "Building owners and lessees",
"3": "Car owners and lessees",
"4": "Boat owners and lessees"
} | 1 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
358 | Which policy is suitable for the principal or contractors of a project whereas plant and machinery is being erected as it is exposed to various external risks | {
"1": "Contractors Plant & Machinery (CPM) Policy",
"2": "Erection All Risks (EAR) Policy",
"3": "Deterioration of Stock Policy",
"4": "Civil Engineering Completed Risk"
} | 2 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
359 | What is the Industrial All Risks Policy designed to cover | {
"1": "Only manufacturing facilities",
"2": "Only storage facilities",
"3": "Industrial properties - both manufacturing and storage facilities",
"4": "Commercial properties"
} | 3 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
360 | What does marine cargo insurance cover | {
"1": "Loss of goods during transit within the country only",
"2": "Loss of goods due to sea misadventures only",
"3": "Loss of goods during transit by road and sea only",
"4": "Loss of goods during transit by rail, road, sea, air or registered post"
} | 4 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
361 | Who can insure the cargo under marine cargo insurance | {
"1": "Only the seller of the goods",
"2": "Only the buyer of the goods",
"3": "Both the seller and the buyer of the goods, depending on the contract of sale",
"4": "Only the carrier of the goods"
} | 3 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
362 | Under which Act is liability imposed on those who handle hazardous substances | {
"1": "Public Liability Insurance Act, 1991",
"2": "IRDA Act 1999",
"3": "Insurance Act 1938",
"4": "Income Tax Act 1968"
} | 1 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
363 | What is the maximum compensation payable for temporary partial disablement under Compulsory Public Liability Policy | {
"1": "Rs. 25, 000",
"2": "Rs. 1, 000 per month, maximum 3 months",
"3": "Rs. 12, 500",
"4": "Rs. 3, 000"
} | 2 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
364 | What does Employee’s Compensation Insurance provide indemnity for | {
"1": "Legal liability to pay compensation to third parties",
"2": "Legal liability to pay compensation to employees who sustain personal injury by accident or disease arising out of and in the course of employment",
"3": "Legal liability to pay compensation for damage to property",
"4": "Legal liability for p... | 2 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
365 | To apply for a claim, in case of damage caused by flood or cyclone, a report from ______ would be necessary | {
"1": "Police Department",
"2": "Meteorological Office",
"3": "Fire Department",
"4": "Surveyor/ Loss Assessor"
} | 2 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
366 | A police report may not be needed in the following case | {
"1": "Damage by Cyclone",
"2": "Damage by Fire",
"3": "Damage In Road Accident",
"4": "Damage In Transit"
} | 1 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
367 | The most important function of an insurance company is | {
"1": "To settle claims of policy holders on the happening of a loss event",
"2": "To settle balance of policy holders on the happening of a profit event",
"3": "To settle sum amount of policy holders",
"4": "To settle claims of policy holders"
} | 1 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
368 | In case of Fire, claim is assessed on the basis of______ | {
"1": "An agent report",
"2": "A police report",
"3": "Survey report",
"4": "Policy report"
} | 3 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
369 | To Submit reports to an insurance company, the surveyors and Loss Assessors expected to a) examine the property in question b) Verify the causes and circumstances of the loss c) Estimate the quantum of the loss | {
"1": "Only Statement (a) is correct",
"2": "Both (a) & (b) are correct",
"3": "Both (a) & (c) are correct",
"4": "(a), (b) and (c) are correct"
} | 4 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
370 | Under which type of policy is notice required to be served on the Railways? | {
"1": "Life insurance policies",
"2": "Fire insurance policies",
"3": "Marine insurance policies",
"4": "Cargo rail transit policies"
} | 4 | InsuranceAgent_Non-Life-Question Bank_28032023.md | Life |
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